FRANKFURT (Dow Jones) – The European Central Bank (ECB) allocated $ 5 million to a bank on its seven-day daily dollar tender. The previous day, a bank had also requested and received a total of 5 million. The tender has a fixed interest rate of 0.33 (previously: 0.32) percent.
On March 20, in the wake of the pandemic crisis, the US Federal Reserve had agreed with five other central banks, including the ECB, to improve the global supply of dollar liquidity. Since March 23, the ECB has been offering a seven-day dollar tender every day. In addition, the ECB has introduced an 84-day dollar tender, which is offered every Wednesday.
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(END) Dow Jones Newswires
June 09, 2020 04:55 ET (08:55 GMT)